Fiscal cliff is bad for the dollar: survey

In a quick survey of its clients, Societe General currency analysts found that about 55% of respondents said the U.S. fiscal cliff – going over it, presumably – would be bad for the dollar.

One respondent said letting U.S. tax and spending measures expire would sap too much growth in the near-term, outweighing the benefits of debt reduction and making it harder to pay down debt for some time.

In the same survey, about 70% of respondents said Spain asking for help would be good for the euro. Many argued the boost was temporary, analysts said in emailed results Wednesday.

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